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Magiq Finance Guide – Read our In-Depth Magiq Finance Review

Magiq Finance Rating: 8.0 / 10

This page contains an independent review of Magiq Finance. It is intended for educational purposes only and you are advised to fully investigate Magiq Finance beyond the contents of this review to ensure it fits your needs before parting with any money.

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This Magiq Finance review has been updated for 2022 by industry experts with years of business experience across multiple industries and disciplines.

Please note that the content in this Magiq Finance review is provided on an as is basis and you should always check with the company to make sure you have the latest information.

Magiq Finance Ratings

Overall Rating
80%
Ease Of Setup Rating
50%
Ease Of Use Rating
30%
Customer Support Rating
40%

Magiq Finance Review for 2022 – Brief Summary

Magiq Finance Telephone Number: None
Magiq Finance Email Address:
Magiq Finance Address:
Year Founded: 1980
Magiq Finance Highlights: Fully web based, complete suite of financial and business management software.
Hedquarters: Napier, New Zealand 
Magiq Finance Revenue (USD Millions) Unknown
Languages Supported English
Magiq Finance LinkedIn: None
Magiq Finance Employee Count (On LinkedIn): None
Magiq Finance Top Features: Send custom invoices, Track income and expenses, Create and manage estimates,
Magiq Finance Twitter: None
Magiq Finance Twitter Followers: None

Magiq Finance Location

Magiq Finance Pricing & Costs

Plan Name Price Duration

Our entire Magiq Finance Review covers everything you need to learn about implementing Magiq Finance. Great accounting software can not only help your business to become more efficient and thrive but also give you a platform that can provide you profits. If you would like to make profits, you should ensure you are using a good piece of accounting software.

There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully assess your accounting software before you choose it. It's a common misconception that all accounting software is the same, but that's not correct. Wrong judgment, in the beginning, can set your business at risk.

Magiq Finance is a piece of accounting software that has paved its way successfully. In this review of Magiq Finance, we have tried to collate some of the important facets. This review will help you to know whether Magiq Finance is a good match for your business or not. We've attempted to breakdown all the qualities and charges for your convenience.

Choosing The Best Accounting Software For You

When deciding whether Magiq Finance is the best accounting software for your business there are 5 things to consider and do to make the right choice:

  1. Decide what you need to achieve from using Magiq Finance
  2. Does Magiq Finance suit your needs as a full Accounting platform?
  3. Fully research the Magiq Finance accounting platform and toolset. Do the Magiq Finance tools and resources align with your business needs?
  4. Work out the budget available to implement a new Accounting solution and does the offerings from Magiq Finance offer the features you need within the budget.
  5. Register for a account with Magiq Finance. Ask for a callback and demo to fully check that the software is right for you.

What is Magiq Finance?

Magiq Finance is a complete piece of accounting software developed by Chamtech and is developed for small to enterprise sized businesses.

Chamtech was established in 1980 in Napier, New Zealand 

Fully web based, complete suite of financial and business management software.

Does Magiq Finance Offer A Free Trial?

Sadly Magiq Finance does not offer a free trial.

While creating this Magiq Finance review we found that it offers a lot of advanced accounting features with its paid plans. You can learn more about some of the Magiq Finance Accounting features further on in this Magiq Finance review.

Is Magiq Finance The Best Accounting Solution For Your Business?

Accounting providers range from one man bands to giant multinationals; There is a lot out there. But, when it comes to choosing a reputable accounting solution, there are several factors you have to consider. In order to make sure that Magiq Finance is the best accounting solution for your small business, check out our guide below.

Main Features Of Magiq Finance

Magiq Finance provides advanced accounting features like:

  • Send custom invoices
  • Track income and expenses
  • Create and manage estimates

Magiq Finance Review - General Ledger Features & Rating

General Ledger Features Rating
Journal Entries
88%
Tags / Dimensions
88%
Audit Trail
81%

Magiq Finance Review - Revenue Recognition Features & Rating

Revenue Recognition Features Rating
Revenue Types
88%
Revenue Allocation
80%
Reclassification
88%
Compliance
88%
Scheduling
88%

Magiq Finance Review - Accounts Receivable Features & Rating

Accounts Receivable Features Rating
Invoice Customization
88%
AR Automation
88%
Collections Automation
88%

Magiq Finance Review - Revenue Performance Features & Rating

Revenue Performance Features Rating
Customer Performance
88%
Contract Performance
88%
Revenue KPIs
88%
Pricing & Discounting
80%
Offering
88%

Magiq Finance Review - Accounts Payable Features & Rating

Accounts Payable Features Rating
AP Automation
88%
Payment Processing
88%
Purchase Orders
85%

Magiq Finance Review - Revenue Optimization Features & Rating

Revenue Optimization Features Rating
Forecasting
88%
Promotion Programs
88%
Pricing Optimization
88%
Re-evaluation
88%

Magiq Finance Review - Integration Features & Rating

Integration Features Rating
Data Import and Export Tools
88%
Integration APIs
85%
Breadth of Partner Applications
88%

Magiq Finance Review - Other Functionality Features & Rating

Other Functionality Features Rating
Inventory Tracking / Ordering
88%
Inventory Pricing and Costing
88%
Inventory Reporting
88%
Multi-Entity / Consolidation
80%
Recognition Rules
88%
Reconciliations
80%
Payroll
88%
Time and Expense
80%

Magiq Finance Review - Reporting & Analytics Features & Rating

Reporting & Analytics Features Rating
Financial Statements
88%
Custom Reporting
81%
Budgeting / Forecasting
88%
Dashboards
88%

Magiq Finance Review - Platform Features & Rating

Platform Features Rating
Customization
88%
Workflow Capability
88%
User, Role, and Access Management
88%
Internationalization
88%
Performance and Reliability
88%
Output Document Generation
88%

Magiq Finance Review - Budgeting & Forecasting Features & Rating

Budgeting & Forecasting Features Rating
Budgeting / Forecasting
88%

Alternatives To Magiq Finance

Looking for an alternative to Magiq Finance?

Many people want accounting software to help with business goals. What's challenging is finding out whether or not the software you choose is right for you. We have compiled a list of other accounting solutions that our reviewers voted best overall compared to Magiq Finance. Based on thousands of datapoints, you can see how Magiq Finance stacks up to their competitors, and find the best fit for your needs.

The Top Magiq Finance Alternatives Are Listed Below